Higher Prices Are a Big Reason Why Restaurant Sales are Climbing
Americans consumers' tab for eating and ordering out is expected to reach $1 trillion this year, fattened by inflation and a postpandemic appetite for everything from chicken tenders to skirt steaks.
The National Restaurant Association estimates that consumers will spend a record $997 billion in restaurants, bars and other eateries in the U.S. in 2023 before tips. That would mark an increase of 6.4% from 2022.
The U.S. government's estimate for restaurant sales for May, the latest figures available through the U.S. Census Bureau, was...
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